Michael Sherwood
tenant wants deposit back!
Need to ask some others about this.
·Previous tenants infested the carpet with fleas I am holding 200 dollars in pet deposit no matter what. I cleaned the carpet on four different occasions over a week and h...
Account Closed
Contract Consideration (aka deposit)
What are some creative ways to make a legally binding contract without putting down a sizable deposit?
For example, consideration doesn't have to be money, what else could it be in a wholesale deal?
Fru...
Jeff J.
Increase deposit for smokers?
We just got done turning around an apartment vacated by a heavy smoker. We had to wash (to get rid of the tar) and paint the whole apartment and use an ozone machine to help get rid of the smoke smell among other ...
David Lewis
Remote deposit for tenants
Hey BP family! I'm wondering what platforms y'all are using for tenants to make mobile deposits on? Thank you in advance!
Nati Hanuka
Deposits and Other Securities
Hello everyone,For someone who starting his REI journey I would like to hear from other what are the common securities you are requesting from new tenants upon signing on a lease?Do you request first and last month re...
Julia Thompson
Georgia investment - Security Deposit
if you have more than 10 doors in GA or if you use a property management company, you have to set up “escrow account” for security deposit. None of the banks around my area have that capability, if they do they requi...
Cody McVay
Existing tenant - security deposit
Hello Bp!I recently purchased a duplex in Columbus, OH. When I purchased the property I received the existing lease which stated a $0 security deposit. I had the tenant sign an estoppel agreement and he stated he paid...
Mikel Kaubfa
$ held for security deposit
I had two tenants move out and they cleaned everything besides the oven. So I cleaned that and deep cleaned the carpet. How much would you take from their security deposit for both of those? The carpet is only in two ...
Mike McCarthy
Security Deposit - Partial Damage?
Have a tenant that left the property (A- class area) with a moderate amount of damage. One item I'm having trouble deciding how to handle is the refrigerator.
It was new when they moved in. 3 years later, there is ...
Lisa K.
Refunding deposit after eviction
This has never happen before when we won judgement on eviction and then tenants said he got CDC Act housing assistance to pay off the money owed for the judgement. Now he is asking for his deposit since housing will s...